Buy USDCNH x 63000 @ 7.1374 stop 7.121
Market seems to immediately confirm intention of rally. Upping bet a bit.
Edit: Move stop 7.117 after some consideration.
The fact that I considered both T-Bill and gold longs and failed to initiate them last week speaks volumes of my inefficiency. Really easy $$$ for people with balls.
Edit: Also illustrates how executing a trade is wildly different from making a prediction.
Gonna play about with price triggered orders since those are natively supported by my trading app:
Buy NAS100USD x 14 @ 7363 stop 7334 target 7487
Risk 400. Gonna simultaneously place a equally sized short with smaller stop on ASX after midnight.
Edit: temporarily moving trigger to 7383 as I...
Made small short trade in NQ gaining 70 USD now. Had to exit because 1) dinner, 2) fading a rumor of Trump being invited to China believed to be fake.
I would say this day illustrated the same issue as in May though: I completely miss the overall day tend because I don't mix in any longer term...
While clear downtrend, this one is not super straightforward to trade as an entry needs to be done after a mean reversal to avoid large MAE=risk. Waiting for reaction to data now though.
Well obviously that didn't work. -120. If it doesn't turn by tomorrow then I am solid bear about the situation, subject to external changes. Exclusively going to do reactive intraday trading in that case.
Buy NAS100USD x 10 @ 7663 stop 7652
Small contrarian bet. At least small bounce up here wouldn't surprise me and attractive RR with entry I got. Asian session tends to screw me over, hence small bet.
40% eq 60% bonds is a popular balance that backtests well.
Short eq strats are a good idea hypothetically, in practice difficult to find any that don't lose money due to long bias. But hey, gotta have alpha instead of beta, right.
Nope the force is strong with the shorts today. Combined with the choppy conditions I don't feel inclined to trade any further. ~-400 today, half from the gold position.
Daily graph increasingly looking bearish though I will wait until next week before adjusting my bias.